This paper is written to report the development of Low Field NMR system using inexpensive material and to simulate NMR signal acquisition. One of the prospects of conducting this research is the possibility of building low field MRI for neural activity imaging. Several parts needed for building the system are considerably low cost and affordable. Homogeneous magnetic field is generated by Helmholtz coil whose frame is built from non ferrous material (PVC) to minimize distortion to the homogeneity. This coil is able to provide magnetic field up to 3.35 mT at 7.4 A. In order to increase the amplitude of NMR signal, the sample is induced by magnetic field of 22 mT using prepolarization coil. Simulation of NMR signal acquisition is done by transmitting 100 computer-generated NMR signals using a coil. The transmitted signal is then acquired by receiver coil to be amplified and filtered. The test shows that the receiver system is able to detect 10 microvolt signal. Also, this paper shows that averaging all of acquired signals will increase the SNR of the acquired signal. By using affordable materials and the simplicity of the design, this apparatus is suitable for research and educational purposes.